Trump reportedly worried grounding Boeing 737 MAX jets would hurt the stock market

A Boeing 737 MAX airplane.
(Image credit: Don Emmert/AFP/Getty Images)

Before ordering the grounding of all Boeing 737 MAX airplanes on Wednesday, President Trump was concerned that the act would cause alarm and hurt the stock market, two people familiar with the matter told The Washington Post.

A Boeing 737 MAX 8 operated by Ethiopian Airlines crashed on Sunday just minutes after taking off from Addis Ababa, and the United States was the last major country still allowing the planes to fly.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.